Bird Song of the Day
#COVID19
At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site.
Resuming the upward climb, though at a lesser slope. Looks like the Midwest did it, from the regional data. I feel I’m engaging in a macabre form of tape-watching, because I don’t think the peak is coming in the next days, or even weeks. Is the virus gathering itself for another leap?
Despite Newsome’s yeoman efforts at the French Laundry, California’s case count continues to skyrocket.
rate and wonder what’s behind it.
from the New York Fed
The October 2020 survey shows most credit application and acceptance rates falling sharply with the onset of the coronavirus pandemic.
z sce credit.png
The latest Credit Access Survey reveals the stark imprint of the pandemic on consumer credit markets, with most credit application and acceptance rates falling sharply after February 2020. Application and acceptance rates for credit card and credit limit increase requests showed the largest declines, followed by auto loans. Meanwhile, application and acceptance rates for mortgage refinances continued to surge through 2020, with primarily high credit score borrowers taking advantage of lower mortgage rates. Looking ahead, households generally lowered their expectations during 2020 regarding applying and receiving credit over the coming year. The average probability of being able to come up with $2,000 for an unexpected need also reached a new series low in October 2020.